Ethereum zkRollup Project Loopring Shuts Down DEX Citing Lack of Adoption
Ethereum zkRollup Project Loopring Shuts Down DEX Citing Lack of Adoption
Loopring, an Ethereum-based zkRollup project, has announced the closure of its decentralized exchange (DEX) due to a reported lack of meaningful user adoption. The project plans to ensure the return of all remaining user funds through a smart contract upgrade, with transaction costs covered by Loopring.
Ethereum zkRollup project Loopring sunsets DEX, citing lack of meaningful adoption
Loopring plans to return all remaining user funds through a smart contract upgrade, without requiring users to cover transaction costs.